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Sonic R. System

  • #69,321
  • Apr 21, 2014 10:56am Apr 21, 2014 10:56am
USDCHF long clasic and add 1 scout
Possible TP on H1

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M15 clasic
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  • #69,322
  • Apr 21, 2014 10:57am Apr 21, 2014 10:57am
Quoting Cirujano
EURUSD: long opened MMs took the price below a hole number, which surprises me because most of banks are closed today. {image}
I think to fast. Not clasic sonic.
  • #69,323
  • Edited 11:16am Apr 21, 2014 11:00am | Edited 11:16am
Quoting FXRobert
{quote} I think to fast. Not clasic sonic.

This will be interesting. Two long entries on a negative correlated pair, EU & UC. And the winner is ???

As posted by TAH;

Master Sonicdeejay says to add to a trade while price is moving in the direction of the trade and the trade is "in the green". If price moves against your trade, taking price in the wrong direction past your entry, do not add to the trade until price action reverts back to the trade direction and shows some signs of continuing to do so. Do not add to a trade while price action remains opposite the trade and the trade is "in the red".

Our PVSRA is intended to help qualify Classic and Scout trades, and should be used for that purpose only. Do not use PVSRA as a trade entry method to pick tops/bottoms or to make an "early" Classic or Scout trade entry. Use PVSRA to determine as best you can if the bias of the MMs confirms the direction of a Classic or Scout entry you are thinking of making. If it does, still only enter a Classic in accord with the rules for the Classic setup, and only enter a Scout when the price action direction is in the trade direction.

-tah
Keep It Simple
  • #69,324
  • Apr 21, 2014 11:07am Apr 21, 2014 11:07am
Quoting diginime
{quote} EU Personally i think there's still some potential downside from H4, see whether there's significant volume at H4, only i think will go long. =) {image}
told cha... around 40 pips, quick catch =)
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  • #69,325
  • Apr 21, 2014 11:08am Apr 21, 2014 11:08am
Quoting Repsaj
EURUSD reversal? {image}
In my opinion, still has potential bearish EURUSD (or search for liquidity). I'll wait for clearer signals longs (bullish).
(Amigo Cirujano, respetuosamente, además del volumen y numeros redondos, suele ser preferible, esperar también a la acción del precio)
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Check your emotions. How are you?
  • #69,326
  • Apr 21, 2014 11:14am Apr 21, 2014 11:14am
Quoting diginime
{quote} told cha... around 40 pips, quick catch =) {image}
Congratulations diginime. Nice trade.
Check your emotions. How are you?
  • #69,327
  • Apr 21, 2014 11:17am Apr 21, 2014 11:17am
Quoting diginime
{quote} told cha... around 40 pips, quick catch =) {image}

Good Job!
Keep It Simple
  • #69,328
  • Apr 21, 2014 11:41am Apr 21, 2014 11:41am
Quoting Cirujano
EURUSD: long opened MMs took the price below a hole number, which surprises me because most of banks are closed today. {image}
Totally agree with you, even with closed banks we see some nice clues

My longs adding already started.
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Whatever is obvious is obviously wrong!"
  • #69,329
  • Apr 21, 2014 12:01pm Apr 21, 2014 12:01pm
Quoting loeil
{quote} Totally agree with you, even with closed banks we see some nice clues My longs adding already started. {image}
To me, this time I need the price action to trade longs.
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Check your emotions. How are you?
  • #69,330
  • Apr 21, 2014 12:02pm Apr 21, 2014 12:02pm
Hi am just starting with this interesting system so i ll need a lot of practise. A quick question regarding a trade. Is this the correct classic short entry?
The trade is still open but regarding the PVSRA posts earlier would you suggest to close this trade?
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  • #69,331
  • Apr 21, 2014 12:47pm Apr 21, 2014 12:47pm
Quoting loeil
{quote} Totally agree with you, even with closed banks we see some nice clues My longs adding already started. {image}
Thanks
  • #69,332
  • Apr 21, 2014 12:47pm Apr 21, 2014 12:47pm
Quoting Jezrien
Hi am just starting with this interesting system so i ll need a lot of practise. A quick question regarding a trade. Is this the correct classic short entry? The trade is still open but regarding the PVSRA posts earlier would you suggest to close this trade? {image}
Hello Jezrien,
yes!
that's a perfect classic short entry.
as for the exit question, it's up to you now.
most traders would leave now.
if i was on that trade, i would close.
but, price can go anywhere... or range.
regards,
If you don't know how to earn money, don't loose it.
  • #69,333
  • Apr 21, 2014 12:55pm Apr 21, 2014 12:55pm
Quoting Repsaj
{quote} In my opinion, still has potential bearish EURUSD (or search for liquidity). I'll wait for clearer signals longs (bullish). (Amigo Cirujano, respetuosamente, además del volumen y numeros redondos, suele ser preferible, esperar también a la acción del precio) {image}
Estoy completamente de acuerdo en lo que comentas, aunque esta vez he preferido construir posiciones al mismo tiempo que los MMs. Quizás sea un poco más arriesgado que esperar a que se revierta la tendencia del precio para dejarse llevar por la corriente, pero dada mi situación (no puedo estar permanentemente delante de los gráficos) lo he decidido así para no llegar tarde a la fase de "Run for profits".

Un saludo afectuoso
  • #69,334
  • Apr 21, 2014 1:09pm Apr 21, 2014 1:09pm
Quoting coolmakina
{quote} Hello Jezrien, yes! that's a perfect classic short entry. as for the exit question, it's up to you now. most traders would leave now. if i was on that trade, i would close. but, price can go anywhere... or range. regards,
Thanks for the feedback, indeed i already closed the trade in 20 pips profit as the price is at the support area. I prefer to be more conservative and maybe watch out for a bounce or break out of the area. Will see how Draghi's speech influences EUR along with the US data for further scenarios. Currently prefer shorts on EUR/USD.
  • #69,335
  • Apr 21, 2014 1:12pm Apr 21, 2014 1:12pm
Quoting Cirujano
{quote} Estoy completamente de acuerdo en lo que comentas, aunque esta vez he preferido construir posiciones al mismo tiempo que los MMs. Quizás sea un poco más arriesgado que esperar a que se revierta la tendencia del precio para dejarse llevar por la corriente, pero dada mi situación (no puedo estar permanentemente delante de los gráficos) lo he decidido así para no llegar tarde a la fase de "Run for profits". Un saludo afectuoso
EURUSD
I understand your position. With good management of capital, chances are that you will encounter benefits in the long term. Well, I think this pair is bullish in the long term.
(Entiendo tu posición. Con una buena gestión de capital, lo más probable es que te encuentres con beneficios, a la larga. Pues creo que este par es alcista a la larga.)
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Check your emotions. How are you?
  • #69,336
  • Apr 21, 2014 1:57pm Apr 21, 2014 1:57pm
Quoting Cirujano
{quote} Estoy completamente de acuerdo en lo que comentas, aunque esta vez he preferido construir posiciones al mismo tiempo que los MMs. Quizás sea un poco más arriesgado que esperar a que se revierta la tendencia del precio para dejarse llevar por la corriente, pero dada mi situación (no puedo estar permanentemente delante de los gráficos) lo he decidido así para no llegar tarde a la fase de "Run for profits". Un saludo afectuoso

Right....I agree with you: MacDonald has the best hamburger. Do you like their coffee too?
There is a winner and a loser, nothing in between.
  • #69,337
  • Apr 21, 2014 7:45pm Apr 21, 2014 7:45pm
as expected
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  • #69,338
  • Apr 21, 2014 8:46pm Apr 21, 2014 8:46pm
EURUSD:

For ever so long the euro has been the "darling" of the currency market, the prima-dona that got supported and pushed up on every occasion. And when there was no occasion to do so, it got pushed up anyway!

Why, after everyone has been appalled at how long the euro has been supported, can so many folks not accept that this might be coming to an end?

Anyway, as often as we draw trend lines and other stuff on the high TF charts, almost as often the price defies our "analysis". So, it might be best to just see what is currently going on via the lower TF charts and sort of ignore the Big Picture conclusions.
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  • #69,339
  • Apr 21, 2014 9:04pm Apr 21, 2014 9:04pm
NU Long Trade Opened:

Entered longs #1-2, Classics. No TP set, but tentatively RDH or just below. If the trade extends into tomorrow, maybe higher. Can't know, but there is a NZD high impact release in less than two days, and the MMs might be pumping in advance of it, in spite of the USD releases also coming.
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  • #69,340
  • Apr 21, 2014 9:11pm Apr 21, 2014 9:11pm
price move to the higher structure. However, the risk of down move still exist.
adding long according to Fibonacci retracement of this move if possible.
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